With over 20% move to the upside in the last 29 days, I think is time for OIH to have some sort of pullback or correction. The last 5 candles couldn't close outside of the Upper Bollinger Band, so it looks like is losing momentum and most likely retrace at least to the midline. Implied Volatility Rank is at 54 so I sold the 28/27 Put Ratio Spread (2 Short Puts...
Small correction until End of Month. Breakout from Regression trend. Could see bullish through Februrary before possible correction in Q2. I like Iron Condor at 272-275 Strike with 30 Days and Strangle Options at 277 strike end of Q1 from 41 to 60 days out . Always do your DD. This is not professional advice.
With the strong move to the upside, I am betting that we are starting a new auction between 78 and the 71 levels. So with an Implied volatility Rank of 37, I sold a Strangle at the 30 deltas for a $1.36 credit. As long as the price stays between $78.35 and $71.65, we will be making money. The Trade: Short 73 Puts Short 77 Calls Credit $1.36 per contract 58%...
quietly the XME has broken out of a 2017 lull, and with that we go long.. a few ideas how to play this 1. Poor Mans Covered Call 2. Sell puts.. Both situations seem decent, but if you look at the possibility of being wrong, the PMCC offers the least amount of pain and suffering. Lets explore if selling puts, using Delta30... we will be getting $53 and using...
Another WK demand area created with 3M Demand in control. Previous trade posted hit profit target last week.
Strong Monthly demand imbalance created around 86 price area on Ryanair Holdings. Long term bias at monthly and weekly demand levels in a clear uptrend, buy at monthly and weekly demand zones
New weekly demand levels created on EOG Resources american stock around 97 and 85.75 respectively with monthly demand level in control and in a clear uptrend. Long bias at new imbalances
American Stock DFS Discovery Financial Services has a clear long bias. Price fell short of retracing to this weekly demand zone around 57 area. Brand new weekly demand level, that imbalance around 59.55 has a very strong and explosive bullish impulse. New demand levels are being created, supply levels are being eliminated. Longs at weekly demand zones for a long...
Looking at Supply level on the D chart. Only 15 hours left in the contract. OTM (Out of the Money) short position. Risk is 36 to make 64 per contract.
Some volume came in this morning for a nice green day, keeping this coil formation nice and tight. I'm in october 6 calls in anticipation of the semi truck announcement (which is said to be happening this month). Still early, may not break the coil to the upside yet, but I like my chances with the bull market still strong. Tomorrow I'll be watching for a weak open...
I have a big picture tool I use that has been very good to me and it is now indicating shorting puts in wheat will be a good spot to take advantage of a sideways or climbing wheat prices. I will trade the 31 DTE options and will move down to the 30 delta strike put to give it a bit of wiggle room. Not a big trade but not much buying power is used either
Sine VSLV has risen, I openend a strangle at 14,75 and 21,25 for a runtime of 70 days (October 2017). Both ends end up being delta 5 with premium of 230 $ each.
Since the CL is circling between 55 and 42 in the last months, I create a new strangle position with 66 day runtime until mid October, selling lower side at 38.5 for a 200 $ premium and higher side 57 for 170 $. Volatility has risen in the last days, which is my main indicator for taking a position.
TOWN Looking at the cyclical life of TOWN , it looks like the stock may have some room to grow. I would say advise buying short-term call options at close to price strike price. The company does not perform as well on the balance sheet side. I would advise executing the right to buy stock when the option contract expires, only to minimize the risk of the option...
XOP seem to be running into consistent resistance at the 38$ level... Last attempt up stalled around the $36 area. This trade idea is for June monthlies Option Trade. Sell the 38$ Call, and if you want buy the 41$ call to make it a $300 risk play. The premium you will get should be around $30 per contract... a decent 10% ROI.. for less than two months.